Question

"expression of currency in terms of golds". Explain ​

Answer 1

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Answer 2

Answer:

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Explanation:

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price.

The Gold Standard was a system under which nearly all countries fixed the value of their currencies in terms of a specified amount of gold, or linked their currency to that of a country which did so. ... Maintaining convertibility of fiat currency into gold at the fixed price and defending the exchange rate.

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